The mortgage belongs to the fixed interest rate, and it is not necessary to go to the bank for interest rate conversion. The fixed interest rate is not within the scope of bank interest rate conversion. Taking ICBC as an example, according to the Notice on Converting the Pricing Benchmark of Personal Loans with Floating Interest Rate into LPR, the following loans may not be converted:
(1) Loans with a remaining loan term of less than one repricing cycle, that is, loans with a maturity date earlier than the next repricing date agreed in the original contract.
(2) Revolving loans whose revolving term has expired and the remaining loan term is less than one repricing cycle.
(3) fixed-rate loans.
(4) Personal housing provident fund that is not converted through consultation with the provident fund center is converted into commercial discount loans.
Extended information:
If the conversion of pricing benchmark is implemented through negotiation between the bank and the customer, the interest rate pricing method agreed in the original contract will be converted into the pricing benchmark of the corresponding term LPR (the adding point can be negative), or it can be converted into a fixed interest rate.
The term variety of LPR is determined according to the original contract loan term. If the original contract loan term is less than 5 years (inclusive), refer to the one-year LPR published by the National Interbank Funding Center; If the term of the original contract loan is more than 5 years, refer to the LPR with a term of more than 5 years published by the National Interbank Funding Center. Pricing benchmark can only be converted once, and cannot be converted again after conversion. Does choosing a fixed interest rate mean you don't have to go to ICBC to change it?
Choosing a fixed interest rate also needs to be handled by ICBC, otherwise it will be automatically converted into LPR interest rate after August 31, 22. According to the Announcement of ICBC's Converting Individual Housing Loan Pricing Benchmark with Floating Interest Rate into LPR in Batch, ICBC has uniformly adjusted individual housing loans within the batch conversion scope to LPR pricing method according to the following rules since August 25th:
(1) The interest rate pricing method agreed in the original contract is converted into the pricing benchmark with the corresponding term LPR, and the added value is equal to the difference between the latest executed interest rate level of the original contract and the corresponding term LPR released in December 219, and the added value is added. From the conversion point to the first repricing date after this point (excluding), the executed interest rate level is equal to the latest executed interest rate level of the original contract.
(2) The repricing date is adjusted to the corresponding date of the loan issuance date. From the first repricing date, on each repricing date, the interest rate level is recalculated and determined by the corresponding term LPR of the latest month and the above-mentioned added value. If the conversion date of the pricing benchmark is the same as the adjusted repricing date, repricing will not be carried out on the conversion date, and the loan will be repriced from the next repricing date.
Extended information:
ICBC's batch conversion interest rate covers floating-rate personal housing loans (including personal commercial housing loans) that have been issued before January 1, 22 and have been signed but not issued with reference to the benchmark interest rate of loans, except for the following loans:
(1) Loans with a remaining loan term of less than one repricing cycle, that is, loans with an agreed maturity date earlier than the next repricing date.
(2) fixed-rate loans.
(3) provident fund personal loans.
(4) Discounted loans for individual housing developers that are not converted through consultation with the Provident Fund Center.
(5) Personal housing loans that have been priced with reference to LPR.
(6) Current overdue loans. What documents does CCB need to choose a fixed interest rate to go to the bank?
If CCB chooses a fixed interest rate to go to the counters of business outlets and personal loan centers, it needs to bring its original valid ID card to handle it; Entrusting others to handle it at the counters of business outlets and personal loan centers requires bringing the original valid identity certificate and notarized power of attorney of the trustee to handle it.
if there are two or more borrowers in the original loan contract, the conversion can only be completed after all the borrowers reach an agreement and complete the processing. After negotiation between the borrower and the lender, the interest rate pricing method agreed in the original contract can be converted into a floating interest rate formed by adding LPR points, or into a fixed interest rate.
Extended information:
The interest rate level after conversion into fixed interest rate is equal to the current execution interest rate level of the original contract, and the interest rate level is fixed for the remaining term of the contract. The conversion scope includes:
1. Personal consumption and business loans that have been issued before January 1, 22 and those that have signed contracts but have not been issued, including personal consumption loans, personal pledge loans, personal loans to support agriculture, personal loans to help businesses, etc.
2. The interest rate pricing method in the loan contract refers to the benchmark interest rate of the loan, and the interest rate is agreed as floating interest rate;
3. From March 1, 22, loans that have been in the last repricing cycle may not be converted. Do I need to go to the bank to choose a fixed interest rate?
Users can handle LPR conversion through mobile banking or online banking, and choose a fixed interest rate when converting. Moreover, if there are * * * borrowers and * * * borrowers logging in to online banking or mobile banking, they can confirm through online operation, which is much more convenient than going to the bank counter. It should be noted that * * * the borrower fails to run the confirmation within the specified time, which is regarded as the failure of LPR conversion.
each user has one and only one chance to handle LPR conversion, so it is up to the user to consider whether to choose floating interest rate or fixed interest rate.